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The following information applies to the questions displayed below. York's outstanding stock consists of 60,000 shares of 70% preferred stock with a $5 par value

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The following information applies to the questions displayed below. York's outstanding stock consists of 60,000 shares of 70% preferred stock with a $5 par value and also 210,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: 2015 total cash dividends 2016 total cash dividends 2017 total cash dividends 2018 total cash dividends 10,900 19,000 205,000 355,000 Determine the amount of dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Also determine the total dividends paid to each class for the four years combined. (Round your "Dividend per Preferred Share" answers to 3 decimal places.) Par Value per Preferred PreferredDividend Preferred Dividend RatePreferred Share Share Annual Preferred Dividend: Paid toDividends in Common Arrears at Paid to Total Cash Dividend PaidPreferred 2015 2016 2017 2018 Totals $ 10,900 19,000 205,000 355,000 S 589,900

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